John Bogle is founder of The Vanguard Group, Inc., one of the largest mutual fund organizations in the world, and president of the Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and CEO until 1996 and senior chairman until 2000. In 2004, Time named Bogle one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 1999, Fortune designated him as one of the investment industry's four "Giants of the 20th Century." In the same year, he received the Woodrow Wilson Award from Princeton University for distinguished achievement in the nation's service." He lives in Bryn Mawr, Pennsylvania.
"Bogle is rattling the status quo among the mutual fund titans." -- Fortune
"Bogle is rattling the status quo among the mutual fund titans." -- Fortune
In this awesome overview of investment company products and services, Bogle, founder and CEO of the $110-billion Vanguard group of funds, demonstrates that ``the abundance of information available about mutual funds is . . . overwhelming.'' Among the minute details included, Bogle tells not only how to improve your backhand, as it were, but how to get the best grass or clay for the tennis court. Fund categories past and present--index, international, income, growth, industry-specialized (electronic, health), long- and short-term bond (U.S., corporate, ``junk''), along with sales charges pro and con (Vanguard has none), high-low expense ratios, management track records and tax considerations--all are dissected to the ultimate percentile in relation to investor objectives and an inconstant economic climate. There is certainly something here for everyone, but in the aggregate the author reaches beyond the needs (and possibly the comprehension) of readers not engaged in the investment business. 70,000 first printing; first serial to Money; Fortune Book Club main selecton. (Oct.)
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